The last couple of years has seen M2M (machine-to-machine) offerings become a key part of the product portfolio at a number of telecom service providers and a significant new revenue stream for the few specialists in the marketplace.
Management of devices is key to M2M offerings and it distinguishes the capabilities from the wider Internet of Things (IoT) where any object can have wireless connectivity on an ad-hoc basis.
In a recent worldwide market study from Juniper Research, the company has forecast the telematics sector will continue to outperform all other M2M markets across a five year period in revenue terms, with the sector expected to generate revenues of more than $40b globally by 2019 – this essentially doubles the size of the current market.
Other findings include from the market study include:
- The U.S. remains the leading region for M2M, ahead of Western Europe.
- Meanwhile, China is becoming increasingly important as initiatives by their mobile service providers begin to take shape within the Asia-Pacific region.
- Implementation of Big Data analytics will play an increasingly important role, particularly in areas such as telematics, smart metering and healthcare.
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